Thursday, December 25, 2025
Oil on track for fifth weekly gain on strong demand- oil and gas 360

Oil on track for fifth weekly gain on strong demand

Reuters LONDON -Oil prices rose on Friday, and were on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August. Brent was up 18 cents, or 0.2%, at $75.74 a barrel at 1334 GMT, heading for a 2.9% rise on the

U.S. Supreme Court backs refineries in biofuel waiver dispute- oil and gas 360

U.S. Supreme Court backs refineries in biofuel waiver dispute

CNBC The U.S. Supreme Court on Friday bolstered a bid by small oil refineries to seek exemptions from a federal law requiring increasing levels of ethanol and other renewable fuels to be blended into their products, a major setback for biofuel producers. The 6-3 ruling overturned a lower court decision that had faulted the U.S. Environmental Protection Agency for giving